USD/JPY chart - Trading View
USD/JPY was trading 0.32% lower on the day at 104.87 at around 04:30 GMT, extends weakness for the 3rd straight session.
U.S. dollar is seeing broad-based weakness since poor Nonfarm Payrolls data last Friday.
Weak data pointed to slower-than-expected economic recovery, strengthening expectations for President Joe Biden's fiscal stimulus plan.
Stimulus expectations continue to weigh over the greenback. Technical indicators for the pair seems to have turned bearish after rejection at 200-DMA.
Stochs and RSI are showing a rollover from overbought levels and long upper wicks on the daily candles adds to downside bias.
Price action has slipped below 200H MA and is on track to test 21-EMA support at 104.46. Breach below 21-EMA could extend more downside.
